Imagine moving into a house where the thermostat could adjust automatically depending on the time, where all of the lights could be controlled with the touch of a button, and where the doors could be locked from the comfort of bed. Houses with these technological innovations installed are becoming increasingly popular within the real estate market as the Internet of Things (IoT) continues to transform the way we live our lives. Turning a home into a smart home with various IoT technologies can increase the value of a house substantially.

Smart technology brings a plethora of benefits to the home environment. The most attractive feature of the smart home is its ability to reduce monthly expenses such as electricity and heating. Home buyers and owners are very attracted to the idea that a smart home could help reduce the amount they are paying monthly as the cost of paying off a home can be cumbersome by itself. The ConnectSense Smart Outlet can help a home owner manage and control any electrical device from the comfort of their smart phone. The Nest Thermostat is able to learn the users schedule to adjust the temperature at the right times of day in order to prevent wasting energy on heating or cooling a home when no one is home. Automated devices like these can help manage and reduce power usage while making everyday tasks more convenient and efficient at the same time.

It is important to consider future growth of the IoT and its relevance in the home environment. Smart devices are increasing in popularity at an exponential rate. This means that more homes will be implementing smart technology in an effort to create a connected network of devices. The smart home will be the future of the real estate industry. As internet-enabled technology becomes a standard in homes, more home buyers will expect that houses come with this smart technology built in.

Smart home upgrades are not expensive to make and they can go a long way in increasing the value of a home. Devices such as smart locks, lights, outlets, and thermostats are relatively cheap and easy to install. An ecosystem of devices that enable a home owner to completely control their environment can be created with a couple hundred dollars. This is a cheap price to pay for the power these devices bring to the user, especially when they will help reduce the cost of monthly bills. Implementing smart technology within a home environment will increase the value of houses and will create additional incentive for home buyers to purchase a home.

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